SOLD OCT 2, 2024
RENTED MAR 26, 2025
4001 W Verdugo Ave Burbank, CA 91505
Magnolia Park Neighborhood
4
Beds
2
Baths
1,723
Sq Ft
5,922
Sq Ft Lot
Highlights
- Cooling System Mounted To A Wall/Window
- Laundry Room
- Carpet
- Dolores Huerta Middle School Rated A-
- Floor Furnace
- Back and Front Yard
About This Home
As of October 2024Exceptional Investment Opportunity for this great duplex in a prime location! Seize this rare chance to acquire a well-maintained duplex in an unbeatable location with an impressive 82 Walk Score! This charming property features two units, each offering 2 spacious bedrooms and 1 bathroom, making it a perfect investment for consistent rental income. Unit 4003 stands out with its inviting outdoor space, featuring a covered patio and a lush yard, ideal for tenants seeking a serene retreat in the heart of Burbank. Both units are equipped with ceiling fans and beautiful hardwood flooring, adding to the overall comfort and appeal. With the property’s prime location, residents will enjoy easy access to a variety of amenities, including excellent dining and shopping options to great parks and public transportation, all of which helps attract quality tenants and ensure solid returns. It is a great option for new investor/home buyers looking to live in one unit and rent out the other. Do not miss this golden opportunity to begin or expand your investment portfolio. Act now and secure this gem before it's gone!
Last Agent to Sell the Property
Media West Realty,Inc. Brokerage Phone: 818.468-2228 License #01451724 Listed on: 07/27/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,515
Year Built
- Built in 1947
Lot Details
- 5,922 Sq Ft Lot
- 1 Common Wall
- Back and Front Yard
Parking
- 2 Car Garage
Home Design
- Duplex
Interior Spaces
- 1,723 Sq Ft Home
- 1-Story Property
- Laundry Room
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Floor Furnace
Listing and Financial Details
- Tax Lot 70
- Tax Tract Number 10080
- Assessor Parcel Number 2481021001
- $260 per year additional tax assessments
Community Details
Overview
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Fuel Expense $24
- Water Sewer Expense $3,174
- New Taxes Expense $12,000
- Operating Expense $15,198
- Gross Income $59,400
- Net Operating Income $44,202
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 27, 2024
Closed on
Aug 22, 2024
Sold by
Messineo Richard Dante and White Priscilla Diane
Bought by
Douglas R Falcone Family Trust and Falcone
Seller's Agent
Bryan Ochse
Media West Realty,Inc.
Buyer's Agent
Bill Toth
First Class Real Estate Inc.
List Price
$1,039,000
Sold Price
$1,145,000
Premium/Discount to List
$106,000
10.2%
Views
29
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,053
Avg. Annual Appreciation
4.48%
Original Mortgage
$650,000
Outstanding Balance
$643,308
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$547,745
Purchase Details
Closed on
Nov 3, 2010
Sold by
Messineo Richard and Messineo Jean Marie
Bought by
Messineo Richard
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$855,000
Interest Rate
2.5%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Purchase Details
Closed on
Apr 7, 2004
Sold by
Messineo Richard and Messineo Jean Marie
Bought by
Messineo Richard and Messineo Jean Marie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.57%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Dec 20, 1995
Sold by
Messineo Richard
Bought by
Messineo Richard and Englert Jean Marie
Purchase Details
Closed on
May 5, 1994
Sold by
Lewis Nora J
Bought by
Messineo Richard
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,000
Interest Rate
6%
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,145,000 | Monarch Title | |
| Interfamily Deed Transfer | -- | Placer Title Company | |
| Interfamily Deed Transfer | -- | First American Title Ins Co | |
| Interfamily Deed Transfer | -- | Fidelity Title | |
| Grant Deed | $178,000 | American Coast Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $650,000 | New Conventional | |
| Previous Owner | $855,000 | Reverse Mortgage Home Equity Conversion Mortgage | |
| Previous Owner | $250,000 | Credit Line Revolving | |
| Previous Owner | $106,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/26/2025 03/26/25 | Rented | $2,800 | 0.0% | -- |
| 03/19/2025 03/19/25 | For Rent | $2,800 | 0.0% | -- |
| 10/02/2024 10/02/24 | Sold | $1,145,000 | +10.2% | $665 / Sq Ft |
| 07/27/2024 07/27/24 | For Sale | $1,039,000 | 0.0% | $603 / Sq Ft |
| 07/21/2021 07/21/21 | Rented | $2,400 | 0.0% | -- |
| 06/29/2021 06/29/21 | For Rent | $2,400 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,515 | $1,145,000 | $458,000 | $687,000 |
| 2024 | $3,515 | $296,578 | $133,291 | $163,287 |
| 2023 | $3,479 | $290,764 | $130,678 | $160,086 |
| 2022 | $3,325 | $285,064 | $128,116 | $156,948 |
| 2021 | $3,304 | $279,475 | $125,604 | $153,871 |
| 2019 | $3,175 | $271,188 | $121,880 | $149,308 |
| 2018 | $3,088 | $265,872 | $119,491 | $146,381 |
| 2016 | $2,918 | $255,550 | $114,852 | $140,698 |
| 2015 | $2,861 | $251,712 | $113,127 | $138,585 |
| 2014 | $2,865 | $246,782 | $110,911 | $135,871 |
Source: Public Records
Agents Affiliated with this Home
-
Bill Toth
Seller's Agent in 2025
Bill Toth
First Class Real Estate
(818) 434-2110
11 in this area
63 Total Sales
-
Bryan Ochse
Seller's Agent in 2024
Bryan Ochse
Media West Realty,Inc.
(323) 431-9650
10 in this area
158 Total Sales
-
Marc Ramirez
Seller's Agent in 2021
Marc Ramirez
Pacific West Business Prop Inc
(818) 543-3883
4 Total Sales
-
B
Buyer's Agent in 2021
Brendan Potter
Gatekeeper Group
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: BB24154696
APN: 2481-021-001
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